Federal Realty Investment Trust (FRT) vs Terreno Realty Corporation (TRNO)
TRNO leads on 9 of 16 compared metrics.
A side-by-side comparison of Federal Realty Investment Trust and Terreno Realty Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
FRT
Federal Realty Investment Trust
$125.84Real Estate
TRNO
Terreno Realty Corporation
$67.27Real Estate
Total return — FRT vs TRNO
growth of $100 · last 16yFRT +99.5%TRNO +260.7%TRNO compounded faster
FRT TRNO
FRT vs TRNO: by the numbers
- •FRT is the larger company ($10.87B vs $7.15B market cap).
- •TRNO trades at the lower earnings multiple (16.49 vs 21.66 P/E).
- •TRNO converts more revenue to profit (86.52% vs 38.61% net margin).
- •TRNO grew revenue faster over the past five years (20.57% vs 9.79% CAGR).
- •FRT pays the higher dividend yield (3.57% vs 3.05%).
Which is better, FRT or TRNO?
Metric tally: FRT 7 · TRNO 9It depends on what you're optimizing for:
ValueTRNO(lower P/E)
GrowthTRNO(faster 5Y revenue CAGR)
IncomeFRT(higher dividend yield)
QualityFRT(higher ROIC)
Valuation
| Metric | FRT | TRNO |
|---|---|---|
| P/E ratio | 21.66 | 16.49● |
| Forward P/E | 40.88 | 40.04● |
| P/S ratio | 8.32● | 14.43 |
| P/B ratio | 3.29 | 1.65● |
| PEG ratio | 0.53 | 0.14● |
| EV / EBITDA | 14.46 | 13.82● |
| FCF yield | 4.85%● | 2.87% |
Profitability
| Metric | FRT | TRNO |
|---|---|---|
| Gross margin | 53.60% | 63.89%● |
| Operating margin | 41.58% | 40.81% |
| Net margin | 38.61% | 86.52%● |
| ROE | 15.29%● | 9.88% |
| ROIC | 480.25%● | 3.66% |
Dividends
| Metric | FRT | TRNO |
|---|---|---|
| Dividend yield | 3.57%● | 3.05% |
| Payout ratio | 93.74% | 52.16% |
Growth (annualized)
| Metric | FRT | TRNO |
|---|---|---|
| Revenue CAGR (5Y) | 9.79% | 20.57%● |
| EPS CAGR (5Y) | 24.22% | 35.52%● |
| FCF CAGR (5Y) | 71.36%● | 22.41% |
| Total return CAGR (5Y) | 4.67%● | 3.07% |
Frequently asked
- Which is better, FRT or TRNO?
- It depends on your goal. value: TRNO (lower P/E); growth: TRNO (faster 5Y revenue CAGR); income: FRT (higher dividend yield); quality: FRT (higher ROIC). Across all compared metrics, TRNO leads 9 to 7.
- Is FRT or TRNO cheaper?
- On trailing earnings, TRNO is cheaper: FRT trades at a 21.66 P/E and TRNO at 16.49.
- Which has grown faster, FRT or TRNO?
- Over the past five years, TRNO grew revenue faster — FRT at a 9.79% CAGR versus TRNO at 20.57%.
- Does FRT or TRNO pay a bigger dividend?
- FRT yields 3.57% and TRNO yields 3.05% based on trailing dividends and the latest price.
- Is FRT or TRNO more profitable?
- TRNO runs the higher net margin — FRT at 38.61% versus TRNO at 86.52%.
- Which has been the better investment, FRT or TRNO?
- Over the past 10-year, TRNO delivered the higher annualized total return — FRT at 1.63% versus TRNO at 13.47%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Federal Realty Investment P/E ratioTerreno Realty P/E ratioFederal Realty Investment dividend yieldTerreno Realty dividend yieldFederal Realty Investment ROETerreno Realty ROEFederal Realty Investment operating marginTerreno Realty operating marginFederal Realty Investment revenue growthTerreno Realty revenue growthFederal Realty Investment free cash flowTerreno Realty free cash flow
Federal Realty Investment & Terreno Realty appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.